Workers who demand a wage that is higher than the equilibrium wage

Question

Quizplus · Accepted Answer

If a worker demands a wage higher than the equilibrium wage, he is asking for a price higher than the prevailing market price. This means that employers are less likely to hire him as they can hire other workers who are willing to accept the prevailing market wage. Thus, workers who demand a higher wage than the equilibrium wage may find it difficult to secure a job.

Workers Who Demand a Wage That Is Higher Than the Equilibrium